Itemized Deduction Checklist

(A Customized Tax Organizer is available for all existing clients upon request. A general tax organizer is available on the client management page.)

Tax Tip: Always provide your deductions!

Medical Expenses:

*Taxpayers obtaining health insurance through the "Marketplace" must provide form 1095-A. See the link on our website for instructions on obtaining this tax form.

If Medical Insurance is paid through an employer or you have insurance through a retirement plan or social security no documentation is required.

For those who private pay for their health insurance, provide the total costs of health insurance and proof of health insurance as reported on form 1095 which is a tax form issued by your health insurance provider.

If you sold a Home, Bought a Home or Refinanced - Provide the Settlement Statement HUD1.

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Contributions:

Cash contributions to charities - ATTACH PROOF OF CONTRIBUTIONS IN THE FORM OF A STATEMENT
FROM THE QUALIFYING CHARITY. To comply with IRS regulations, proof must be provided.

Non-Cash Contributions - use values at this site: http://www.salvationarmysouth.org/valueguide.htm
*Amounts of $500 or greater must be confirmed by charity. All clients contributing more than $499 in non-cash items should provide values using the valuation guide on the website indicated above.

Volunteer Miles - Provide the total miles driven for volunteer services rendered for a church or other 501(c)3 non-profit organization.

Small Tools and supplies purchased for work ___________________________________________

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Office in Home and employee-related business expense - SEE ALSO OUR SEPARATE PAGE ON THIS

SITE FOR EMPLOYEE RELATED BUSINESS EXPENSE.

Also provide:

Child Care (provider statement)

Tuition (Form 1098-T)

Student Loan Interest

This listing is a common deductions checklist and is not intended to replace comprehensive tax planning. Tax laws are currently under debate by Congress. This information may change due to legislative action.

myracpa@cpataxbreaks.com

Myra B. Carlisle, CPA
Myra Carlisle & Company, PC
205-884-4829

IRS Circular 230 Notice: This written advice is not intended to be used, and cannot be used by anyone, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax provisions.

Myra Carlisle & Company, PC

Our mission is to give small business owners timely financial information so they can make better business decisions resulting in more profit